Sources said that RBI is intervening in all foreign-exchange markets including the offshore markets and will continue to do so to protect the rupee which slid to a record low Monday.
RBI’s mistake may have been in interpreting its mandate to keep retail inflation at 4%, with 2% leeway, as permitting it to do nothing even when inflation was at or near 6%.
Shaktikanta Das says strengthening of inflation impulses & persistence of adverse global price shocks poses upward risks to inflation trajectory presented in April MPC resolution.
The Reserve Bank of India earlier this month said it would begin focusing on withdrawing accommodation while still holding rates steady at a record low of 4%.
The Reserve Bank of India faces the challenge of keeping bond yields in check as the government kicks off an unprecedented 14.31 trillion rupees of annual borrowing in April.
None of the 34 banks Climate Risk Horizons analysed have assessed the resilience of their portfolios in the face of climate change. Only 2 have committed to stop funding new coal power plants.
The Indian Right and Liberals all accepted the British conception of Hindu, Muslim and British India and the country's eventual decline. What they disagreed on was its cause.
While global corporations setting up GCCs in India continue to express confidence in availability of skilled AI engineers, the panel argued that India’s real challenge lies elsewhere.
The Government of India has requested to buy up to 216 M982A1 Excalibur tactical projectiles too. Excalibur artillery munition was used in Op Sindoor against Pakistan.
Without a Congress revival, there can be no challenge to the BJP pan-nationally. Modi’s party is growing, and almost entirely at the cost of the Congress.
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